Bloomberg Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc. are finding patience pays off in China. The trio now have an advantage over some of their largest Wall Street rivals after officials in charge of the world’s No. 2 economy promised to let foreigners take majority stakes in securities firms there — raising limits that had long frustrated US ...

Bloomberg South Africa has limited space for counter-cyclical monetary policy to support economic expansion because inflation risks have increased, central bank Governor Lesetja Kganyago said. The balance of risks for growth in consumer prices is “on the upside,” with the rand weakening against the dollar, a higher oil price, and a chance that power prices will increase, he said in ...

Bloomberg Nazir Razak, chairman of CIMB Group Holdings Bhd. and brother of Malaysia’s prime minister, is helping start a regional private equity fund that will seek as much as $1 billion, people with knowledge of the matter said. Nazir will keep his role at CIMB, Malaysia’s second-largest bank, while acting as one of the fund’s five partners, according to the ...